Business Setup in Abu Dhabi ICAD Free Zone

INTRODUCTION

Industrial City of Abu Dhabi or also known as ICAD is situated just at the outskirts of Abu Dhabi. It has an area of 40 square kilometers.

ICAD was constructed and operated with the highest level of technological standards. The ICAD is located on the outskirts of Abu Dhabi, covering an area of 40 sq. km with a different variety of business clusters to explore. The business opportunity in Abu Dhabi Industrial City (ADIC) is higher for industrial and manufacturing-oriented companies. Every business sector in the ADIC has top-notch infrastructure, great transport connectivity, and excellent communication facility.

Zones in ICAD

ICAD has five different industry clusters in its location to cater to different industries, ensuring that certain requirements of businesses are met.

ICAD I—This is for the industries that focus on heavy to medium manufacturing, engineering, and processing.

ICAD II—This is for the industries that focus on light to medium manufacturing, engineering, and processing.

ICAD III—This is for the industries that focus on light to medium engineering and processing with an international focus. The target sectors of ICAD III are wood processing and engineering, chemicals and plastics, construction materials, high-tech industries, food, and textiles.

ICAD IV—This is for industries that focus on technology and light manufacturing.

ICAD V—This is for industries that focus on automotive or automobile manufacturing.

Business Setup Consultants in ICAD Free Zone

Many businessmen conduct business setup in UAE because of the benefits that they reap from it. However, going through the right process is the key to a successful company formation in ICAD and in any other free zone.

There are business setup consultants in ICAD who are knowledgeable about this specific location. They are the people that businessmen and investors should approach to ensure that their business setup in ICAD will be smooth and fast.

BENEFITS

Undoubtedly, the UAE is one of the most sought-after location because it is one of the major business hubs the world. This is why many invest and form a company in the country.

There are many free zone benefits that support this as well like the ones that ICAD offer to its clients that are highlighted below.

On-point Location

ICAD is located at the outskirts of Abu Dhabi. It is between two emirates that have major markets in the UAE—Dubai and Abu Dhabi.

Excellent Infrastructure

This free zone is also composed of infrastructure and facilities that are concentrated on the industries that they support. This means that they can meet the needs and requirements of their clients and the companies that reside there.

Excellent Business Environment

ICAD has flexible policies with business setup formalities that are easy to work with. It also has a thriving technological environment supporting different companies and contributing to their growth.

The rest of the benefits that businessmen can enjoy in ICAD are as follows:

Administrative Efficiencies

Benefits from utility connections

The most advanced means of communication networks

Convenient transport links to Europe, Asia, and the Middle East & North Africa (MENA) region

Exemption from all types of taxes

Zero customs duty on all imported and exported goods

Easy access to licensing, business permits and employment visas

Freedom of foreign ownership

Total repatriation of profits and capital

BUSINESS ACTIVITIES

ICAD has different business clusters with different industries in each so that the requirements of companies are met. The following industries are as follows:

Engineering and metals

General industries

Chemical and plastic

Oil and gas services

Construction materials

High-tech industries

Advanced factory units

SUPPORT SERVICE

Please refer to this for more information.

TIMELINE/PROCEDURE

Please refer to this for more information.

REQUIREMENTS

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FEES

ICAD Free Zone License Cost

Below is a table that consists the cost of conducting a business setup in ICAD. You can contact us for further information or clarification.

BUSINESS SETUP

Amount (AED)

Initial Approval

13000

Annually

New License

New Lease

Registration

Establishment Card

E-channel Charges

2100

One off

Entry Permit

751.5

One off

Residence Visa

2249

Every 3 years

Security Deposit

1000

Refundable

E Channel Deposit

5025.25

Refundable

ATTENTION – NOTE

All fees for government and related authorities are estimation only. The exact government fees will be determined at the time of submission of the applications. We are obligated to provide our clients with all receipts of government and related agencies against the amount that will be paid. Every amount that will expense for your business registration will be supported by documents. In case of shortage, the client has to repay us. In case of excess, we have to refund the client.

Our professional fee covers consultation, drafting of legal documents, introducing reliable local citizen service-agent when required, assisting in document notarization from the local notary public, assisting in local bank account opening, and applying to the concerned authorities on your behalf.